Saffat Inc. acquired an equipment for $40,000 during 2020. During the same year, the firm...
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Saffat Inc. acquired an equipment for $40,000 during 2020. During the same year, the firm sold an old equipment costing initially $15,000 with a book value of $5,000, for $3,000 cash. The firm has also invested in the stocks of IBM for a total value of $40,000. Calculate the firms net cash flow from investing activities in 2020:
Select one:
a.
($75,000)
b.
None of the choices
c.
$0
d.
$5,000
e.
($77,000)
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